First Merchants Corporation · 3 months ago
Commercial Collateral Operations Specialist
Daleville, IN
Full-time
Onsite
Entry Level
2+ years expFirst Merchants Bank is seeking a Commercial Collateral Operations Specialist to join their team, dedicated to supporting their mission of being the most attentive and knowledgeable bank. The role involves processing commercial collateral requests, ensuring accuracy and compliance with regulatory requirements while interacting with customers and assisting the team.
Financial Services
Responsibilities
Research commercial loans to identify collateral to be released by reviewing the proper supporting documents and verifying the MAP Authority of the submitter
Review and process commercial collateral requests with accuracy and in a timely manner in accordance with regulatory requirements and within our SLA (service level agreement)
Daily assist the team by working within our commercial collateral mailbox to process commercial collateral requests and respond to questions
Prepare commercial collateral releases for recording, filing, terminating, and discharging commercial collateral
Responsible for indexing and imaging supporting commercial documents into OnBase
Process incoming commercial workflow packets
Perform an audit of the stock and bond portfolio on a semiannual basis
Interact with commercial customers and lines of businesses on escalated matters to help correct and provide a resolution
Actively participate in team and department meetings, discussions, special projects, and strategy sessions to support the commercial operations department as a whole
Complete workflow and performance logs daily
Provide backup support for the department and the team as needed
Qualification
Required
High school diploma or equivalent (GED)
A minimum of two (2) years of commercial collateral, commercial loans, commercial documentation, or related commercial experience
Preferred
3 to 5 years of commercial collateral, commercial loan, or commercial documentation experience
Working knowledge with Horizon core banking system, OnBase system, Simplifile recording system, and Wolters Kluwer Solutions
Proficiency in Microsoft Office with Strong Excel skills
Experience using various government entity recording sites, such as state and local municipalities
Benefits
Base Pay PLUS Bonuses
Medical, Dental and Vision Insurance
401k
Health Savings and Flexible Spending Accounts
Vacation/Sick Time
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Additional Benefits
Company
First Merchants Corporation
First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Mark Hardwick
Chief Executive Officer
Mike Rechin
President and CEO
Recent News
Inside INdiana Business
2024-04-16
2024-04-08
2024-04-08
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